MULTIPASS PLATFORMS LIMITED

• ⚠

  Material uncertainty over going concern

  As at the year ended 31 December 2024, the company made a loss of £1,968,973 and is expected to be loss making in the foreseeable future. The company is reliant on the financial support of its parent company, Dynamic Innovations Limited, for funds. There's uncertainty over the ability of the parent to continue this support as it is loss making and has a net current liability position as at the year ended 31 December 2024. Accordingly, a material uncertainty exists over the ability of the company to continue as a going concern. Nevertheless, the directors have obtained a letter of support from the parent company and are confident that the company can rely on the financial support of its parent company as the parent company has sufficient cash to support the company so it can continue in operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis in preparing the financial statements.

1. MULTIPASS PLATFORMS LIMITED 2022-03-14 → present
2. DYNAPAY LIMITED 2017-06-29 → 2022-03-14

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

HW Fisher Audit

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As at the year ended 31 December 2024, the company made a loss of £1,968,973 and is expected to be loss making in the foreseeable future. The company is reliant on the financial support of its parent company, Dynamic Innovations Limited, for funds. There's uncertainty over the ability of the parent to continue this support as it is loss making and has a net current liability position as at the year ended 31 December 2024. Accordingly, a material uncertainty exists over the ability of the company to continue as a going concern. Nevertheless, the directors have obtained a letter of support from the parent company and are confident that the company can rely on the financial support of its parent company as the parent company has sufficient cash to support the company so it can continue in operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. MULTIPASS PLATFORMS LIMITED · parent
   1. SIA Multipass Platforms 100% · Latvia · Dormant

Significant events

• “On 12 May 2025 the company issued a further 625,000 Ordinary shares of £1 each for consideration of £1,000,000. On 3 July 2025, 625,000 Ordinary shares of £1 each were issued for consideration of £1,000,000.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -7.7%

  £748,559 → £690,881

• Net assets

  —

  Not reported

• Employees

  -26%

  50 → 37

• Profit before tax

  +26.2%

  -£2,668,529 → -£1,968,973

• Wages

  -15%

  £3,389,134 → £2,879,747

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers